Export Trading Company

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Export Trading Company (ETC)

A company serving as the export department of other firms. They usually take title, risk and responsibility for the goods they export.

Export Trading Company

A company that supervises the exportation process for clients. Often, there are legal requirements that must be filled before a country allows its goods to be exported; export trading companies navigate these requirements and regulations. They operate like an export division for a company that does not have an export division. They may be local or foreign; sometimes they even operate in the country that imports the goods. They charge either a fee or a commission for their services. They are also called export management companies.
References in periodicals archive ?
The Annual Meetings also featured the seminar and meeting of the Advisory Group on Trade Finance and Export Development in Africa which ran until 21 June; the closed session of the Annual General Meeting of Shareholders on 22 June; the launch of the African Trade Report 2019; the launch of the Afreximbank Export Trading Companies Strategy; and a half-day programme of activities dedicated to RussiaAfrica investment cooperation.
One is to wire the money to export trading companies for money laundering.
Afreximbank identified Egypt as one of five hubs for the facilitation of intra-regional trade in Africa, and was working to support the re-emergence of export trading companies across the continent.
"The inescapable fact is that the Claimant has been effectively denied IEPS rebates for the April 1996 through November 1997 period, while domestic export trading companies have been given rebates not only for much of that period but through at least May 2000, suggesting that Article 4(III) of the law has been de facto waived for some, if not all, domestic firms."
The Export Trading Company Act of 1982 created the Eximbank (Export-Import Bank), which is an independent US government agency whose purpose is to guarantee loans to export trading companies. Each year approximately 100 such guarantees are provided by the Eximbank.
Unlike the preceding situation, export trading companies purchase products directly from unrelated parties to sell to their customers.
As a practical matter, export management companies often operate on a buy/sell basis, allowing them to take full advantage of government financing programs, while some export trading companies do business on a commission basis.
Export management companies (EMCs) and export trading companies (ETCs) are the two types of organizations typically used by U.S.
This article is the first empirical study of Export Trading Companies (ETCs).
* freight forwarders, export trading companies, consultants, and brokers.
WPA registrations have continued since, but Export Trading Companies (ETCs) are certain to eclipse WPAs and may eventually extinguish them outright.
Export management companies, export trading companies, and international consultants offer - for a fee overseas expertise and contacts.